The price offers from the coal plants of San Miguel Corporation and Aboitiz Power Corporation have been declared as best ‘lowest bids’ and prospective winners in the 600-megawatt supply procurement of power utility giant Manila Electric Company. The lowest acceptable price tenders in the...
As the aviation industry stands on the brink of a major transformation, stakeholders are emphasizing the need to adapt to advances in artificial intelligence (AI) and digitalization. With major investments and modernization projects underway, the future of air travel in the Philippines looks...
Diversified conglomerate San Miguel Corporation (SMC) reported a 66 percent surge in net income to P33.5 billion although this excludes unrealized foreign exchange effects. In a disclosure to the Philippine Stock Exchange, the firm said this robust growth demonstrates its financial health and...
Meralco PowerGen Corporation, the power investment arm of Manila Electric Company, is eyeing to secure approval from the Philippine Competition Commission (PCC) on the triarchy deal that it sealed for the $3.3 billion integrated liquefied natural gas (LNG) project in Batangas province. MGen...
San Miguel Corp. (SMC) has warned the public regarding fraudulent schemes that promise job opportunities within the company and its subsidiaries in exchange for payment. In an advisory, SMC’s Corporate Human Resources (CHR) said that neither the conglomerate nor its affiliated companies require...
The Toll Regulatory Board (TRB) said that the Pasig River Expressway (PAREX) project remains on the table following San Miguel Corp.'s commitment to meeting all requirements and addressing environmental concerns. Alvin Carullo, TRB executive director, said San Miguel would comply with the...
The Philippine Electricity Market Corporation (PEMC), which serves as the governance body of the Wholesale Electricity Spot Market (WESM), has elected its new set of board of directors and officers that will help oversee the operations of the country’s power spot market. The reconstituted board...
Tycoon Ramon S. Ang of San Miguel Corp. (SMC) is joining President Marcos’ economic managers in Tokyo to showcase investment opportunities in the Philippines. Having recently delegated day-to-day management of the country’s most diversified conglomerate to his eldest son, Ang will take part in...
Ang-led San Miguel Corporation kicked off on Tuesday, June 18, 2024, the offering of up to P20 billion in fixed-rate retail bonds after receiving the approval of the Securities and Exchange Commission last June 14. In a disclosure to the Philippine Stock Exchange, the diversified conglomerate said...
SMFB to grow beer, liquor businesses By James A. Loyola San Miguel Food and Beverage Inc. (SMFB), a subsidiary of diversified conglomerate San Miguel Corporation, is confident of boosting sales growth for its beer and liquor businesses. During the firm’s annual stockholders’...
Businessman Ramon S. Ang fearlessly tackled the issue of high electricity and fuel prices in the country compared to its neighbors during the Philippine Economic Briefing on Monday, May 27. Ang, widely known as RSA, used the panel discussions at the forum, which included Budget Secretary Amenah...
Ferrari has opened its new permanent home in a state-of-the-art facility in Connecticut Street, in San Juan City. Operated by Ferrari's official importer and distributor in the Philippines, Velocita Motors, Inc., the showroom is envisioned as a dynamic community hub where Ferrari owners can...
